Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
One of the best technical / charting signals around, and one that is still relatively obscure in terms of trader / investor knowledge is the unfilled gap to the upside through the 200 day moving average. This is wha we were treated to at Oracle Coalfields (ORCP) in September after an extended base over the previous year between 1.50p and 2p.
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Comments
wildrides
What the hell is he on about! ……………all this dam Jiggery pokery . It lost me completely . But then again my tired old brain does have an unfilled gap to the downside.
wildrides
I wonder what chat up line the closet chartest uses on the laydees at parties………. bet its got summat to do with “ filling unfilled gaps to the downside”
Tom Winnifrith
“That’s not a candelstick formation you see, I am just excited about what is below your head & shoulders”